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BANKING ON A BAILOUT.

Treasury officials say they believe in free markets, Robert Kuttner writes, but spent the past month arm-twisting other banks to mount a government-induced rescue of Citigroup. He explains: Citigroup’s affiliates have exposure totaling at least $80 billion. The Treasury persuaded several other banks to put up a huge pool of capital that will promise to […]

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THE YEARS OF MAGICAL THINKING.

Madeleine Elfenbein reviews Susan Faludi‘s The Terror Dream, which plumbs our post-9/11 national psyche: It took only a few days for America’s leaders to take us from rubble and confusion to “pretty damn clear.” They did it, Susan Faludi argues in her new book, The Terror Dream, by taking us from an infinitely complicated global […]

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WHEN WRITING THE PERSONAL WAS POLITICAL.

TAP Online associate editor Phoebe Connelly tells us why Nobel Prize-winner Doris Lessing‘s frank writing about women’s sexuality and inner lives was politically groundbreaking: Lessing’s commitment (a word she used in her 1957 essay, “The Small Personal Voice,” to describe the role of writers) to the obligations of her chosen craft have always set her […]

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SENATE CAVES ON WIRETAPPING.

Brian Beutler explains how a poison-pill amendment brought down the wiretapping bill: When the House Democrats prepared to rein in the administration’s surveillance program Wednesday morning, Virginia Republican Eric Cantor knew just what buttons to push to make them panic. He announced a poison pill amendment: Nothing in the bill, Cantor wrote, “shall be construed […]

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MALL MADNESS AS JANITORS TRY TO UNIONIZE.

Megan Tady reports on SEIU’s efforts to organize shopping-center cleaning crews: SEIU began organizing mall workers in 2006 by focusing on the owner-contractor relationships of Simon Properties Group and Westfield Properties, two of the nation’s largest mall owners. Like General Growth, Simon Properties and Westfield both use cleaning contractors, and SEIU urged the companies to […]

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‘ANYTHING BUT CLINTON’ REDUX.

Harold Meyerson points out that the Republican candidates can’t seem to put forth policy proposals of their own, so they’ve taken to simply repeating that they’re against everything Hillary Clinton is for: Both David Brooks and Michael Gerson, writing last Friday in the New York Times and The Post, respectively, expressed a mixture of amazement […]

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WIRETAPPING, ROUND 2.

Today the House is voting on a revised wiretapping bill. Brian Beutler reports on the legislation: The vote itself is a victory for Speaker Nancy Pelosi. Moments after the Congress passed the August measure enshrined in the so-called Protect America Act — Pelosi demanded her committee chairmen get to work fixing it. In a letter […]

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